Cost that has already been incurred and cannot be recovered, Financial Management

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Cost that has already been incurred and cannot be recovered

1. Cost that has already been incurred and cannot be recovered is called an 'erosion cost'.

a) True

b) False

2. We add a new product line, and as a result other product lines enjoy a higher level of sales too. This is an example of 'synergy benefits'.

a) True

b) False

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Financial Management: Cost that has already been incurred and cannot be recovered

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Financial Management: Cost that has already been incurred and cannot be recovered

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